Rebecca

Administration Bond.

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An administration bond is a type of surety bond that is required in order to obtain a grant of probate or letters of administration. The bond is designed to protect the estate’s beneficiaries from any mismanagement or theft on the part of the executor or administrator. The bond is usually in the form of a … Read more

Withholding Tax: Types and How It’s Calculated.

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Withholding Tax: Types and How It’s Calculated Is withholding tax an indirect tax? Yes, withholding tax is an indirect tax. Withholding tax is a tax that is deducted from an individual’s or business’s income at source. This means that the tax is deducted from the income before it is paid out to the individual or … Read more

Spud.

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The term “spud” is used to refer to the process of drilling a hole in the ground in order to extract oil or gas. This process can be done either by hand or by using a machine, and it typically involves the use of a drill bit to create a hole that is then filled … Read more